PBR Dividend Type Payments

Petroleo Brasileiro S.A.- Petrobras dividend

Although PBR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Petroleo Brasileiro S.A.- Petrobras to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Petroleo Brasileiro S.A.- Petrobras (PBR)
Bid Ask Last Change Volume P/E Market Cap
13.44 13.47 13.43 +0.70 25.6M - 55B

PBR Dividend-Like Income Using Covered Calls

With PBR at 13.43, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:

Annual Yield Annual Premium Cents/Day
3% 0.40 0.1
5% 0.67 0.2
10% 1.34 0.4

So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:

3% Yield On PBR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 4 13.50 0.13 22 0.6 0.03 (0.2%)
Apr 11 13.50 0.10 29 0.3 0.03 (0.2%)
5% Yield On PBR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 4 13.50 0.13 22 0.6 0.03 (0.2%)
Apr 11 13.50 0.10 29 0.3 0.03 (0.2%)
10% Yield On PBR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 4 13.50 0.13 22 0.6 0.03 (0.2%)
May 16 14.00 0.32 64 0.5 0.53 (3.9%)

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